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<a href="http://www.accessmylibrary.com/coms2/summary_0286-25282519_ITM" title="Facts and information about New York State strained by unemployment claims. (News Briefs).(Brief Article)">New York State strained by unemployment claims. (News Briefs).(Brief Article)</a>
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New York State strained by unemployment claims. (News Briefs).(Brief Article)
Insufficient payroll tax reserves have forced the State of New York to turn to the federal government for help in paying unemployment claims. The state will borrow $350 million each month to cover the cost of unemployment benefits, and has raised the payroll tax 12 percent to stabilize the fund. The tax increase, expected to generate $300 million annually, will be used in part to pay off the loans. At the ...
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